A cyclone, classified as “extremely severe”, has made landfall in India’s western state of Gujarat with wind speeds of up to 160km/h (100mph).Cyclone Tauktae travelled along India’s western coast, narrowly missing the city of Mumbai. At 12 people were killed and 150,000 evacuated.The navy has sent three warships to try to rescue hundreds of people…
Share to FacebookShare to TwitterShare to LinkedinTopline The Pfizer-BioNTech Covid-19 vaccine generates a significantly more robust antibody response in older people when the second dose is delayed to 12 weeks after the first, according to a British study released on Friday, a finding that U.K. public health officials believe vindicates their approach of prioritizing the…
Share to FacebookShare to TwitterShare to LinkedinBitcoin and cryptocurrency investors are still reeling from a week that’s left the crypto market $300 billion lighter. The bitcoin price moved sharply lower this week, dragging down the wider $2.2 trillion cryptocurrency market, after Tesla TSLA billionaire Elon Musk announced his company would scale back its bitcoin ambitions—at…
The United Arab Emirates’ foreign minister discussed with U.S. Secretary of State Antony Blinken “ways to reduce tensions and strengthen global efforts to stop the acts of violence in Israel and Palestine,” state news agency WAM said on Monday.Sheikh Abdullah bin Zayed Al Nahyan said that “the UAE supports U.S. efforts and the efforts of…
Experts appointed by Tanzania’s new president have declared COVID-19 vaccines to be effective and recommended joining the COVAX facility that shares the inoculations, in the latest sign suggesting official scepticism about the pandemic is waning.
Russian tech company Softline is planning its initial public offering (IPO) for as soon as this autumn, two financial market sources told Reuters, as Russian firms seek to raise cash for further expansion.
Japan’s biggest lender, Mitsubishi UFJ Financial Group (MUFG) (8306.T) said it will aim for net zero emissions in its finance portfolio by 2050, responding to pressure to align its business with the targets set in the Paris Agreement on climate change. The bank will also join the United Nations’ Net-Zero Banking Alliance and be the…
Egypt has a population of over 100 million people. The country has a high mobile and internet penetration necessary for a young and tech-savvy population with 61% below 30. But despite its youthful population, two out of every three individuals are currently unbanked in Egypt. It’s the same situation in MENA, where only 40% of…
Most major stock markets in the Gulf rose in early trade on Monday, driven by gains in the financial sector, although Qatar bucked the trend to trade lower.Saudi Arabia’s benchmark index (.TASI) gained 0.4%, with Al Rajhi Bank (1120.SE) rising 0.9% and Saudi Telecom Company (7010.SE) up 0.8%.The kingdom announced on Sunday that foreign visitors…
Iran has signed a $1.78 billion contract with Petropars Group to develop the country’s Farzad B gas field, Oil Ministry website SHANA said on Monday, after the failure of talks with Indian companies to develop the offshore site.Under the deal, the subsidiary of state-run National Iranian Oil Co (NIOC) will produce 1 billion cubic feet…
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